Getting to grips with your personal finances

We can get a little overwhelmed with our financial lives, and quite frankly I don’t blame you. Financially life can tick over. You get paid, your bills leave your bank account and whatever is left is yous to do whatever you want with. Save money, pay for holidays or treat yourself, it is your prerogative. But what I want to know is when was the last time you checked your financial situation more closely? You could be missing a trick with potential savings or better ways of doing things. I wanted to share with you some of the things that you could consider.

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Is debt strangling your finances?

One of the big issues anyone can have when it comes to their personal finances is debts, and they can sometimes feel like they are strangling your life in terms of lifestyle and how you feel about your finances. However, burying your head in the sand is not the answer, so you need to ensure that you do what you can to clear yourself of det once and for all. A good idea is to get yourself a plan of action, either consolidating your debts or balance transfering credit cards to new accounts with zero percentage offers. Doing these things can help you take control. However, if you don’t have these options then try and focus on the debt that is costing you the most, and plough any spare cash into those debt balances to bring them down once and for all.

Are you getting the best deal every time?

We often need to shop for things. It might be regular things such as food, or shopping for the change of season when it comes to clothes. But are you getting the best possible deal each time? We can be guilty of rushing things or buying them when we see them but if we are a little more savvy with our spending, you could find that checking out websites like moneypug could help you find the best possible price for the things you are trying to buy. It is always better to spend less than more.

Are you paying for things that you thought were cancelled?

When was the last time that you checked your bank account for what actually leaves your account versu what comes in? We can often avoid doing things like this, but regularly checking your statement could help identify payments that don’t need to be made. Giving you an automatic saving. It could also help you to understand exactly where your money goes and help identify further savings that could be made.

Can you physically do things to save money?

Finally, is there anything you could be doing to help physically save you some money each month? Simple things like planning your meals and only buying what you need from the supermarket, or switching providers for regular payments like energy or insurance so that you always get the best deals. Simple things that can make a big difference to your outgoings each month.

I hope that this helps you get to grips with your personal finances.

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2 Comments

  1. Musings of a tired mummy...zzz... September 18, 2018 / 3:18 pm

    I am forever planning to start planning meals but it never ends up working! I think it is a great idea to check the bank account: my husband’s mobile phone cost had gone up and we hadn’t realised. #bloggersbest

  2. Sarah Howe September 18, 2018 / 6:33 pm

    I think it’s tough as you have to be so organised! for me it’s thinking about not buying food and drink when out as really adds up! Thanks for sharing with #bloggersbest x

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